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Stock and Incentive Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Compensation Expense for Awards and Units Under Stock Plan

The following table presents information regarding compensation expense for units under the Stock Plan for the periods presented ($ in thousands):

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2025

 

 

 

Recognized Compensation Expense

 

 

Unrecognized

 

 

Weighted Average

 

 

 

for Years Ended December 31,

 

 

Compensation

 

 

Life of Unrecognized

 

 

 

2025

 

 

2024

 

 

2023

 

 

Expense

 

 

Compensation Expense

 

Performance awards

 

$

2,053

 

 

$

2,827

 

 

$

1,772

 

 

$

2,208

 

 

 

1.69

 

Time-based awards

 

 

4,160

 

 

 

4,388

 

 

 

4,383

 

 

 

2,967

 

 

 

1.69

 

Total

 

$

6,213

 

 

$

7,215

 

 

$

6,155

 

 

$

5,175

 

 

 

 

Performance Based Award [Member]  
Summary of Stock Plan Activity

The following table summarizes Trustmark’s performance unit activity for the periods presented:

 

 

 

Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant-Date

 

 

 

 

 

Grant-Date

 

 

 

 

 

Grant-Date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Nonvested shares, beginning of year

 

 

208,045

 

 

$

29.39

 

 

 

174,214

 

 

$

30.81

 

 

 

148,416

 

 

$

31.63

 

Granted

 

 

63,392

 

 

 

37.61

 

 

 

80,580

 

 

 

26.67

 

 

 

70,666

 

 

 

29.78

 

Adjustment for performance factor

 

 

47,415

 

 

 

32.64

 

 

 

9,348

 

 

 

30.02

 

 

 

 

 

 

 

Released from restriction

 

 

(105,951

)

 

 

32.64

 

 

 

(54,973

)

 

 

30.02

 

 

 

(39,943

)

 

 

31.98

 

Forfeited

 

 

(7,674

)

 

 

30.50

 

 

 

(1,124

)

 

 

28.32

 

 

 

(4,925

)

 

 

31.41

 

Nonvested shares, end of year

 

 

205,227

 

 

$

30.96

 

 

 

208,045

 

 

$

29.39

 

 

 

174,214

 

 

$

30.81

 

Time Based Award [Member]  
Summary of Stock Plan Activity

The following table summarizes Trustmark’s time-based unit activity for the periods presented:

 

 

 

Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant-Date

 

 

 

 

 

Grant-Date

 

 

 

 

 

Grant-Date

 

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

 

Shares

 

 

Fair Value

 

Nonvested shares, beginning of year

 

 

372,276

 

 

$

29.37

 

 

 

358,252

 

 

$

30.04

 

 

 

312,978

 

 

$

30.99

 

Granted

 

 

131,224

 

 

 

36.99

 

 

 

167,646

 

 

 

27.27

 

 

 

145,003

 

 

 

28.59

 

Released from restriction

 

 

(123,655

)

 

 

31.50

 

 

 

(140,637

)

 

 

28.63

 

 

 

(90,587

)

 

 

30.90

 

Forfeited

 

 

(17,592

)

 

 

30.76

 

 

 

(12,985

)

 

 

28.79

 

 

 

(9,142

)

 

 

30.72

 

Nonvested shares, end of year

 

 

362,253

 

 

$

31.34

 

 

 

372,276

 

 

$

29.37

 

 

 

358,252

 

 

$

30.04